CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Ger 40 Index Analysis

US Session Analysis for CFD Instruments 07/06/2024

Fundamental analysis

07 June, 2024

In the European session, the German Benchmark Index traded below 18,600 levels.

European stocks dipped on Friday following a record high close in the previous session.

New data from the Bundesbank revealed that Germany's economy is expected to grow slightly slower than anticipated this year, with inflation likely to see a modest increase.

The latest estimates suggest that Europe's largest economy is poised to expand by 0.3%, below the previously projected 0.4%.

Over the next few days, approximately 400 million citizens across the European Union will participate in voting for members of the European Parliament. The final polls will close on Sunday, with provisional results expected later that evening.

Technical analysis

Ger 40 Index Analysis Technical analysis 07/06/2024
Time Frame: 1 hour

GER40 Support & Resistance Table - 07/06/2024

Support & Resistance Level Explanation
Resistance 2 18640.1 Daily R2
Resistance 1 18582.4 Daily R1
Support 1 18428.6 Daily S1
Support 2 18370.9 Daily S2

GER40 Indicator Table - 07/06/2024

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Sell

GER40 Indicator / Period Table - 07/06/2024

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellBuy

GER40 07/06/2024 - Reference Price : 18505.5

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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